03/11/2026
🏦📈 Persistent inflationary pressures have prompted RBA to increase the cash rate by another 0.25 percentage points to 4.85%.
📊 The decision marks the fifth increase for 2026 and takes the cash rate to its highest level since 2008.
🔥 Inflation has picked up again, with Australia’s annual headline rate rising to 4.3% in September from 4.0% in August. Underlying inflation was 3.6%. Both measures remained above the RBA’s 2-3% inflation target range.
⛽ Fuel prices were part of that rise, jumping 9.4% in September, although they were excluded from that month’s trimmed mean measure of underlying inflation. 🏠 Housing remained the largest contributor to annual inflation.
💰 For homeowners, attention now turns to how lenders respond and what that means for variable-rate repayments. While the impact will depend on each lender’s decision, recent research shows some borrowers are already finding it harder to keep up.
🏡 For those planning to buy, a lower purchase price is only part of the equation. Before making an offer, it’s worth taking a fresh look at your budget to make sure repayments leave room for everyday expenses and possible future rate changes.
📅 The next cash rate decision will be announced on 8 December.
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